Should You Transfer Property to an LLC or Corporation for Protection and add Business Insurance?

Many property owners own their property under a trust, but most property is owned just as an individuals. You may need an attorney to address this issue thoroughly as an LLC or Inc. can protect you but the corporate vale can be pierced depending on how you operate your small business. There are a number of reasons to transfer your real estate into an LLC or corporation, primarily for your personal economic protection. You will not want you personal assets exposed due to an investment. For a number of reasons, you may choose to transfer real estate or other property into an LLC. An LLC or corporation alone may be enough protection, but they are no full proof. A corporation can also be looked at differently for tax reasons, so a simple LLC maybe a better vehicle for the small business or family land owner. Owning and operating a small business adds a lot of responsibility and accountability. Although you may operate with the utmost care and provide the best quality and services, a client or customer may perceive you did them wrong. This is where liability insurance can come in handy. Who Needs Business Liability Insurance? According to sources almost 8 out of 10 small businesses are a sole proprietorship or a partnership. This can make you personally liability. Additionally there is a misconception that an LLC or Corporation has protection,, but you can be personally liable if you guarantee a loan, personally injured someone even by negligence, acted irresponsibly, or illegally. Added protection would be Business Liability insurance. An LLC’s vale can be pierced if you don’t separate the use of your bank account. You can’t use the LLC funds as a personal piggy bank. Business liability insurance can protect your small business in the event of a lawsuit for personal injury or property damages. It usually covers the damages from a lawsuit along with the legal costs. Depending on your business needs, liability insurance can be purchased in many forms. The main type of insurance you would need is Commercial General Liability policy or General Insurance. This insurance can protect you from injury claims, property damage and possible advertising claims if in error. So a combination of an LLC and liability insurance will give you added protection and piece of mind. You can talk to your accountant or attorney for the best advise.

Lancaster Recognized Again as the “Most Business-Friendly City” by the Los Angeles County Economic Development Corporation

City of Lancaster Press Release: This is a portion of the release from this past November Lancaster, CA. 11/15/2013 – The City of Lancaster was named “Most Business-Friendly City” at the Los Angeles County Economic Development Corporation (LAEDC’s) 18th annual Eddy Awards Thursday evening. Lancaster is the first city in the history of the program to have won the award twice, with its first win in 2007. “We are deeply honored that an organization of this caliber has once again recognized Lancaster with this very prestigious award,” said Mayor R. Rex Parris. “Since 1996, LAEDC and its president, Bill Allen, have played a key role in many of Lancaster’s recent successes, including the attraction of BYD’s e-bus and battery manufacturing facilities.” The LAEDC is the premier economic development organization in Los Angeles County, since 1996 having helped retain or attract more than 190,000 annual jobs in the County with an estimated labor income of $11.8 billion. During last night’s ceremony, the City of La Mirada was also named Most Business-Friendly Smaller City, with a population under 50,000. “This year’s Most Business-Friendly Cities, Lancaster and La Mirada, understand that domestic and global competition for jobs, businesses and entire industries has never been fiercer,” said Bill Allen, LAEDC president and CEO. “The City of Lancaster vigorously competes by training its residents for tomorrow’s jobs, not for yesterday’s; by keeping costs and fees down to attract new businesses and jobs; and by supporting its start-up sector, which will drive the city’s economic growth in the future.” The winners were selected based on the following criteria: • Demonstrated commitment to economic development as a priority • Programs and services designed to facilitate business entry, expansion, and retention • Economic development activity over the past three years • Competitive business tax rates and fee structures • Availability of economic incentives • Effective communication with and about business clients “Considered one of the least expensive places to conduct business by the Kosmont-Rose Survey, Lancaster’s economic stimulus package, streamlined permit process, and reduced transactions fees have spurred economic, community and real estate development,” states a press release issued by the LAEDC. “The downtown revitalization project created a vibrant urban center with 50 new businesses and hundreds of new jobs.” The LAEDC also recognized three world-class private sector entities for their outstanding contributions to economic development in Los Angeles County: SpaceX, Yang Ho Cho, and the University of Southern California. About the City of Lancaster: www.CityofLancasterca.org The City of Lancaster is a thriving community of more than 158,000 in northern Los Angeles County. Clean air, attainable housing, wide open spaces, and a close-knit community make Lancaster an ideal place for families. A low cost of doing business, endless potential for growth, and a strong commitment to business from local leaders has twice earned Lancaster the Eddy Award for “Most Business-Friendly City” in Los Angeles County from the Los Angeles County Economic Development Corporation. In addition, Lancaster boasts more than 300 days of sunshine per year, making it the ideal place to pioneer new solar energy technologies. No matter how you look at it, it's positively clear that Lancaster is the perfect place to live, work and play.

Is Los Angeles County Regional Planning Implementing UN Agenda 21 in Antelope Valley and LA County?

UN Agenda 21 if implemented in its entirety would make George Orwell’s 1984 look like a picnic. Agenda 21 would force all humans into city centers leaving roughly 90% of the US solely inhabited by plants and animals. The agenda 21 map shows most of the US underpopulated. In the darkest sense humans would have to ride treadmills, and bikes to produce their own energy daily. You would get nourishment cubes instead of eating animal and plant by products. There wouldn’t be cars for you just mass transit only within habitable zones, or human powered buses. Part of this Agenda is the need to depopulate the planet from its current 7 billion and projected 10 billion people by 2050. Recently at the World Economic Forum 2014 both Al Gore and Bill Gates agreed that contraception was the key to reducing climate change. As part of Agenda 21 Book by Harriet Park, you would not marry but would be paired with a partner as the government knows better who you should live with and your child will be raised by the government and taken away from you. Sounds impossible right? No it is slowing taking place without your knowledge and may take a catastrophic event of many years to be fully implemented. Both the right and left appose this. The book Agenda 21 by Harriet Park and Glenn Beck outlines what it may look like. Also democratesagainstunagenda21.com is another site with the book Behind The Green Mask by Rosa Koire outlining the plan for you. LA Regional planning has a General Plan 2035, and with that they had proposed zoning changes for LA County land in Antelope Valley called Town and Country. They were supposed to have it within the approval process by this year, but it looks like they are delayed. The Town and Country plan would change the zoning in many parts of the AV from Rural Residential and Agricultural currently allowing one home per 2 acres (in most areas). This would change dramatically in the far-east side and west side to one dwelling every 10 to 20 acres. We wrote about these changes a year or so ago. This would mean that many property owners with 2.5 and 5 acre parcels in the County zone would be worthless unless they bought the neighbors parcel to get to 10 acre or more. This looks to be part of UN Agenda 21 which is implemented by ICLEI, ICLEI is an International Association of Local Governments committed to sustainable growth head quartered in Bonn, Germany. Los Angeles County is part of ICLEI. ICLEI is the arm of the UN that bypassed the State and Federal Governments and works directly with local governments on the “sustainable development”, and your current lifestyle is not sustainable. LA Regional Plannings website talks about General Plan 2035 by encouraging infill development, pedestrian-friendly and community-serving uses near transit stops. Their goal is to encourage walking, bicycling, and transit use. They prefer mixed use and high density uses (commercial and residential) development along major commercial corridors near transit stations. They want to expand SEA zones. Significant Ecological Zones. A Significant Ecological Area (SEA) designation is given to land that contains irreplaceable biological resources. This is habitat supporting valuable and threatened species. In addition it would include corridors to promote species movement. Is LA County going to create trail signs for deer and squirrels to roam? Yet a great deal of this land in privately held and the County recognizes that for now. They also want to keep farmland as farmland and not change it to incompatible uses. So, no condos next to the farm. UN Agenda 21 is a very, very scary agenda on your future freedom and civil rights. It is essential for property owners in LA County and within the State to know and understand what this means to you and your family.

Virgin Galactic Makes Another Successful Test Flight in the AV Desert

This past Friday, Virgin Galactic's SpaceShipTwo, which is a six-passenger, two-pilot spacecraft conducted its third rocket-powered test flight on Friday. Several news reports indicated that SpaceShipTwo soared to an altitude 21 640 meters above ground about twice as high as commercial jetliners, which Virgina Galactic also posted on Twitter. The test flight was very short, just a 20 second rocket burn. The operation has been taking place above the Mojave Desert in Kern County, which is part of the Antelope Valley. The California company Mojave makes scaled composites and it is a subsidiary of Northrop Grumman Corp. which also has operations in Palmdale at Plant 42. Spaceship one gets hauled into the edge of space by White Knight Two, and then it is released and enters space and glides back to Edwards Air force Base at Mojave Air and Spaceport. The plan is that the operation will be the beginning of space tourism with an individual or corporate cost of $250k, which may take place later this year. There is competition though from other companies. Like XCOR Aerospace which is building Lynx and Blue Origin. Virgin Galactic indicates they will also use WhiteKnight Two for cargo payloads as well. Antelope Valley is not just a bedroom community for Los Angeles County as technology is present here with Virgin Galactic, State of the Art Solar and Wind Technology and it is home to the Stealth Bomber.

“The China Connection” The Antelope Valley and Other US Cities recent Growth has been from Chinese Nationals and Chinese Business Investment

Mayors across the US have been wooing the Chinese for Investment in their cities. Just recently the NY Times reported that the Mayor of Toledo Ohio has made a trip a year to China the past four years, and Chinese Companies have paid $10 million in investment to hotels, restaurants and purchased land their. At the same time Mayor Rex Parris has taken numerous trips to China, and has talked about opening an office in Beijing. BYD has taken to Lancaster with their Electric Bus plant located at Sierra Hwy and Ave H. The city is hoping for 1,000 of jobs and millions in future tax revenue on the deal. BYD has had some labor relations issues recently, but the mayor thinks those issues can be fixed easily. Despite the issues, The LA Times reported that Mayor Parris remains upbeat about BYD, and hints at negotiations with another Chinese company that he said is "much bigger in scope" compared with BYD. A deal could be announced within the next year, he said. California is ranked fifth in investment from Chinese firms in the US(LA Times reports), and it looks like Southern California is getting their share of that investment. The small individual Chinese Investor has been investing in Lancaster and Palmdale, Ca. A lot of the property that has changed hands the last year or so has a foreign address according to information we get from LA County tax records. Individual Chinese investors are buying land directly through Brokerages in Antelope Valley and from LA County land owners. Without this foreign investment the land market could be as dry as the land. We at vacantlanddeals.com also have connections to land owners and the individual Chinese Investors, so if you are looking to sell you land then come to us and we can connect you with a cash investor.

Billion Dollar Power Plant at Sierra and M Creates a Division Between Lancaster and Palmdale

Palmdale-This is an article from CBSLA LANCASTER (CBSLA.com) — A proposed billion dollar power plant in the Antelope Valley has generated a heated battle between residents and elected officials in Lancaster and Palmdale. Lancaster Vice-Mayor Marvin Crist held a forum in the city on Wednesday, when residents gathered to debate the project, which would be constructed on the border between the two cities at East Avenue M and Sierra Highway. “The problem is the location, and where they actually put the power plant,” Crist told KCAL9′s Dave Bryan. “The problem is the pollution… Palmdale gets all of the benefits. Lancaster gets all of the pollution.” But Palmdale officials argue the power plant is a no-brainer that would boost the local economy, create jobs and is environmentally clean and safe – fueled by natural gas. “We have the CEC [California Energy Commission] and EPA [Environmental Protection Agency] approval,” Palmdale Mayor James Ledford said. “This will in fact clean the air in the Antelope Valley, and it brings all kinds of financial benefits. Eight hundred great paying jobs would be part of the construction of the power plant – and in an environment where we have double-digit unemployment,” he said. Crist has so far conducted 30 community forums explaining why the city opposes the project, which he says would blow pollution into Lancaster, where asthma rates among are already very high. “This is essentially breaking a peanut in front of child that to the peanut. It’s not good,” he said, adding, “It’s still dirty. It’s not a renewable energy.” Lancaster resident Ben Hobbs attended the community forum because he is concerned about what he’s heard. “We are very concerned the pollution that’s been described – 540-plus tons of toxic material that every year will go into our air. So we are concerned about that. I have children, a son with asthma. This will not be a positive thing for us,” Hobbs said. Ledford meanwhile pointed to environmental impact studies that indicate two new centers now being planned across from a local high school in Lancaster will create more air pollution than the power plant that would be miles away from and has been approved by the state environmental agencies. “Five years of review, 13 public hearings. Actually, the City of Lancaster approved this when we made an initial pitch,” Ledford said. The local Air Quality Management District is scheduled to take a vote on the project on December 17. Lancaster officials say they expect 500 to 1,000 people to show up at the hearing.

California Judge Cuts Off State Funding for High-Speed Train Venture

This is an article from the FoxNews-A California judge has slammed the brakes on funding a pricey high-speed train project, in a move that could put the entire Los Angeles-to-San Francisco line in jeopardy. The ruling Monday, by California Superior Court Judge Michael Kenny, was greeted as good news by critics of the ambitious but costly rail proposal. Rep. Kevin McCarthy, R-Calif., the House majority whip, called the high-speed train an “unworkable boondoggle” and said Tuesday he’ll work with his colleagues in Congress to deny federal funding for it as well. “The ruling marks yet another self-inflicted setback for the California High-Speed Rail Authority and a small victory for California taxpayers,” McCarthy told FoxNews.com. “The CHSRA has failed at every turn to detail a realistic plan that will fund this program. With no private funds, unreliable ridership numbers and the reliance on taxpayers to eventually bail the project out – it should not move forward.” The ruling is the latest setback for champions of high-speed rail in California. It follows a recent decision by the federal government to suspend their review of a massive loan for a separate California-to-Vegas train. Kenny, in his ruling Monday, rejected a request from the CHSRA to sell $9 billion of the $10 billion in bonds approved by voters in 2008. Over the summer, Kenny ruled that the state had failed to comply with requirements of the voter-approved money that would pay for the project’s initial phase. However, the measure also included provisions that basically said the state couldn’t start building if it had not secured all of the capital needed to create a fully operational and self-supporting first section of the line. California is about $25 billion short of what it needs to complete the first phase. While Kenny’s decision doesn’t immediately halt the project, it does make going forward difficult. Kenny ruled state officials failed to comply with legal requirements but chose to proceed with plans anyway. Dan Richard, head of the rail authority, said in a written statement he saw the ruling as a positive sign and the board is reviewing the decision “to chart our next steps” -- he said “it is important to stress that the court again declined the opposition’s request to stop the high-speed rail project from moving forward.” Elizabeth Alexis, co-founder of a Bay Area group fighting the project, told the Los Angeles Times the rail authority has been “acting as if it is above the law.” The CHSRA, which was already a year behind schedule, had hoped to break ground on the first 28 miles of a 130-mile stretch in the Central Valley by mid-2014. State officials say they are weighing their options and looking for ways to keep the project going but admit Kenny’s ruling could complicate construction plans. While the ruling limits California’s access to $9 billion, the state still could technically begin building by tapping into federal money; however, experts warn it would be a big financial risk for a state that has a history of making questionable money decisions. Less than five years ago, the state’s coffers were so depleted that many of the public services that helped boost California into the ninth largest economy in the world were in jeopardy of shutting down. Rod Diridon, a former rail agency board member and supporter of the high-speed train, discounted Monday’s ruling, telling the L.A. Times, “Our state is no longer used to mega projects. There are going to be a lot of impediments. So suck it up.” Earlier this year, another proposed high-speed train connecting California to Las Vegas was disrupted after the Transportation Department halted the review of what would have been its largest taxpayer loan in history. The project, which was a favorite of Senate Majority Leader Harry Reid of Nevada, came under intense Republican scrutiny, with lawmakers citing concern about “subsidizing” a costly and possibly risky project.